Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Book promotes responsible action on carbon trading

Media release
4 December 2007

New book promotes responsible action on carbon trading

Climate change action should be responsible economically as well as environmentally. This is the key message of a new book being launched in Auckland today: A Stable Climate for Business.

Business NZ Chief Executive Phil O’Reilly says there’s a lot of misunderstanding about climate change as it has become very complicated and politicised, and there was a need for an easy-to-read summary.

“The book shows how businesses and the communities they support need a stable economic climate in order to succeed.

“New Zealand companies themselves are overwhelmingly responsible,” Mr O’Reilly said. “Most large industrial companies have already scaled back to their 1990 levels of emissions or are operating close to world best practice for energy efficiency.

“Moreover we are already a world leader in renewable energy, with over 65% of our power generated from renewable sources, and we barely contribute to world pollution, accounting for less than a quarter of one per cent of the world’s overall greenhouse gas emissions.”

Mr O’Reilly said this context should be kept in mind when considering how we design and introduce an emissions trading soon.

“New Zealand needs to act in concert with other countries - otherwise we will get higher costs and consequently economic damage without helping the environment much at all.”

A Stable Climate for Business explains the key facts of the climate change debate and makes recommendations for businesses to take advantages of climate change opportunities and for the Government regarding timing and content of climate change policies.

*A Stable Climate for Business is available on under ‘commentaries’ or on: A%20STABLE%20CLIMATE%20FOR%20BUSINESS.pdf

© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news